ABBEDISSEN TAKSERING AS: årsregnskap 2019 vs 2018
Grew 87% on revenue, stronger earnings, cash halved-plus
approved 2020-08-04; registry 2020-10-06; journal 2020 919048
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABBEDISSEN TAKSERING AS. Revenue 956.7k NOK → 1.79m NOK (+86.9%). Net result +399.6k NOK → +525.3k NOK. Equity 6.51m NOK → 6 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABBEDISSEN TAKSERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 956.7k NOK to 1.79m NOK (+86.9% YoY). Calculated
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↑
Operating result improved
Operating result +395.7k NOK → +641.0k NOK (op. margin 41.4% → 35.8%). Calculated
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Net result improved
Net result +399.6k NOK → +525.3k NOK (net margin 41.8% → 29.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.51m NOK → 6 NOK (equity ratio 3508.1% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 696.3k NOK → 184.2k NOK (-73.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.12m NOK → 2.54m NOK (117% → 142% of revenue). Calculated